Saugerties woman charged with stealing $100K from trust fund

A Saugerties woman has been charged in connection with the theft of more than $100,000 from a special-needs trust fund, according to authorities.Michelle L. Neumann, 42, of 44B East Bridge St., was arrested by Ulster County sheriff’s detectives at 11:30 a.m. Saturday and charged with grand larceny and forgery, both felonies.

The Sheriff’s Office said investigation, begun in April, determined that between August 2012 and March 2013, Neumann illegally withdrew money from an investment account and put it in two accounts in her name.

Neumann was one of two administrators of the fund, and both people had to authorize any withdrawals, detectives said. They said Neumann forged documents to make withdrawals from the fund without the knowledge of the second administrator.

Neumann was arraigned in Woodstock Town Court and released. She is to return to court at a later date.